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U.S. Stock V-Shape Reversal! Nasdaq up 1.31% to split Tesla up 8%

Zhongxin Jingwei, March 29 - U.S. stocks reversed on Monday, and the three major stock indexes continued to rise after bottoming out in early trading. Among them, the NASDAQ rose more than 400 points from its low, rising for the third consecutive trading day, and the NASDAQ rose more than 1.3%. Most of the large technology stocks in the UNITED States rose, and energy stocks fell across the board.

U.S. Stock V-Shape Reversal! Nasdaq up 1.31% to split Tesla up 8%
U.S. Stock V-Shape Reversal! Nasdaq up 1.31% to split Tesla up 8%
U.S. Stock V-Shape Reversal! Nasdaq up 1.31% to split Tesla up 8%

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At 16:00 Ethos on March 28 (04:00 Beijing time on March 29), the Dow closed up 94.65 points at 34955.89 points, or 0.27%,; the Nasdaq closed up 185.60 points at 14,354.90 points, or 13.1%, and the S&P 500 closed up 32.46 points at 4,575.52 points, or 0.71 percent.

Most of the big U.S. tech stocks rose, apple up 0.5%, Amazon up 2.56%, Netflix up 1.25%, Google down 0.15%, Facebook up 0.8%, Microsoft up 2.31%.

U.S. bank stocks were lower across the board, with JPMorgan Chase down 0.75 percent, Goldman Sachs down 0.67 percent, Citi down 1.46 percent, Morgan Stanley down 1.22 percent, Bank of America down 0.43 percent and Wells Fargo down 1.45 percent.

U.S. energy stocks were lower across the board, with ExxonMobil down 2.81 percent, Chevron down 1.69 percent, ConocoPhillips down 3.73 percent, Schlumberger down 4.44 percent and Western Oil down 3.54 percent.

Popular Chinese stocks rose and fell, with Happy Auto up 31.53%, Worry-free English up 18.31%, Dingdong Buy Vegetables up 13.54%, iQiyi up 9.51%, Weimei Hologram up 8.75%, Mushroom Street down 10.4%, Qudian down 10.25%, Siku down 9.89%, Pupu Culture down 8.43%, and Together Education Technology down 8.2%.

New energy vehicle stocks rose collectively, with WEILAI up 6.48%, Xiaopeng Auto up 0.31%, Ideal Auto up 0.3%, and Tesla up 8.03%.

In terms of news, according to Reuters, Tesla announced on social media on Monday that it will submit shareholders' approval to increase the number of shares at the annual shareholders' meeting in order to split the shares in the form of stock dividends. The share split, if approved, would be Tesla's latest since its 5-1 split on August 2020.

The Turkish Ministry of Foreign Affairs issued a statement on the 28th local time, saying that the Russian-Ukrainian delegation will hold closed-door negotiations at 10:30 a.m. local time on the 29th in the Istanbul office area of the Turkish Presidential Palace.

European stock market: The three major European stock indexes rose and fell on the 28th. The Financial Times 100-stock average price index closed at 7473.14 points, down 10.21 points, or 0.14%, and the CAC40 index of Paris, France, closed at 6589.11, or 35.43 points, or 0.54%, and the DAX index of Frankfurt, Germany, closed at 14417.37, or 111.61 points, or 0.78%.

International oil prices: National oil prices fell sharply on the 28th. New York light crude futures for May delivery fell $7.94, or 6.09 percent, to close at $105.96 a barrel, and Brent May crude futures closed down $8.17, or 6.77 percent, at $112.48 a barrel.

International gold prices: The most actively traded April gold futures price on the New York Mercantile Exchange gold futures market fell $14.4 from the previous session on the 28th, closing at $1939.8 an ounce, or 0.74%. (Zhongxin Jingwei APP)

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